Econlinks for 27-12-’07

  • How to avoid recession in USA: Greg Mankiw’s answer. Gary Becker and Richard Posner advocate a similar perspective (the argument is centered, of course, on the subprime housing mess). Former Fed boss Greenspan already said that one should do absolutely nothing and wait for the bubble to break on its own, just as the people above (e.g.
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Song of the day: “Enjoy the silence”, by Depeche Mode

A perfect song for the day; fast and without many further comments since Depeche Mode certainly does not need ’em… In a way, this is an answer to an exchange of comments between me and Dan, a great while ago, on what is my favourite piece from Depeche.
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